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Staying On Top: Winning the Job Wars of the Future
Research Triangle Region of North Carolina, USAPopulation: 2.8 million
3 Major Research Universities(Duke, UNC, NC State)
College Enrollment: 92,000+
Educational Attainment: 42% of region’s population has a college degrees
Regional University Research Funding Total: $748,381,198
Concentration of IT & Life Science Co.
Information Technology:IBM (World’s Largest Facility), Cisco Systems (East Coast HQ), SAS Institute (HQ), CSFB (Global Business Center), Network Appliance, Sony-Ericcson, Flextronics (ECHQ), Red Hat)
(Life Science: GlaxoSmithKline (Co-US HQ), Biogen Idec, Novozymes, Novo Nordisk, Merck, Wyeth, Talecris, Hospira, Eisai,Bayer CropScience (NA HQ), BASF (AG HQ), Diosynth)
Largest Concentration of CROs in the World: (RTI International (HQ), Cardinal Health, Quintiles Transnational (HQ), Cato, LabCorp, Charles River Labs)
2 Federal Labs: NIEHS and USEPA (Largest Facility in US)
65 different organization aligned to carry out 30 different strategies
A 5-year, $5 million action agenda to generate 100,000 new jobs in the region and spur employment growth in all 13 counties
Research Triangle Regional Partnership# 1 Best Regional Economic Competitiveness Plan in the USA – 2004
(U.S. Economic Development Administration)# 4 Best Business Recruitment Program in the USA – 2005
(Economic Development Futures Web Journal)
Region Accolades# 1 High Tech Region in the U.S. (SVBDG)
# 1 Region in Biotechnology in the U.S. (EY)# 1 Boom Town in the U.S. (Business2.0) # 1 Best Place to Live in the U.S. (MSN)
# 1 Best Region in Education in the U.S. (Forbes)# 1 Best Place to Live and Work in the U.S. (Employment Review)
# 2 Region for Business & Careers in the U.S. (Forbes)# 2 Region in Life Science Human Cluster in the U.S. (EY)# 3 Region in Life Science Concentration in the U.S. (EY)
# 5 Region in Life Science Cluster in the U.S. (Milken)# 8 Region in the World for Inward Business Investment (IBM)# 8 Best Region in World Knowledge Competitiveness (WKCI)
Key Issues
1.Global Competition for Jobs
2. Identify the Region’s Competitive Advantages
The Research Triangle Region’s Economic Vision
To be a world leader in education, intellectual capacity, and innovation in order to enhance productivity and economic growth and achieve a superior quality of life for all our citizens.
5 Strategies• Promote the growth of industry clusters where the
region has a competitive advantage.• Use a balanced approach of targeted recruitment,
global branding, business creation and existing business retention.
• Integrate higher education into economic development efforts.
• Develop creative, inclusive approaches to rural prosperity.
• Create agile leadership networks to respond to market challenges, changes and opportunities.
Partnerships Formed (Design)Headed by 37 Member Task Force from Business & Academic LeadershipClusters of Innovation Task Force - Chairman: Former Governor Jim HuntBellSouth Biogen Idec
Blue Cross & Blue Shield of NC Capitol Broadcasting Company
Duke Power East Carolina University
Emerging Issues Forum First Citizens Bank
Flextronics International Franklin County ED
Frontier Spinning GlaxoSmithKline
IBM Impact Design Build
InterSouth Partners MCNC
The News and Observer North Carolina Biotechnology Center
North Carolina Central University N.C. Community College System
North Carolina Minority Institute North Carolina State University
Novozymes North America Inc. O’Brien Atkins
Pinehurst Resorts Progress Energy
Proxim Corporation Quintiles Transnational
RBC Centura Red Hat
Research Triangle Foundation RTI International
SAS Institute University of North Carolina System
University of North Carolina-Chapel Hill
Partnerships Formed (Implementation)Headed by 65 Institutional Partners
• Apex Chamber of Commerce• Benson Chamber of Commerce• Capital Area Workforce Development Consortium• Cary Chamber of Commerce• Chapel Hill/Carrboro Chamber of Commerce• Chapel Hill/Orange County Visitors Bureau• Chatham County Economic Development Corporation• Chatham County United Chamber of Commerce• Council for Entrepreneurial Development• Downtown Smithfield Development Corporation• Dunn Area Chamber of Commerce• Durham Convention and Visitors Bureau• Franklin County Chamber of Commerce• Franklin County Economic Development Commission• Garner Chamber of Commerce• Granville County Chamber of Commerce• Granville Economic Development Commission• Greater Durham Chamber of Commerce• Greater Raleigh Chamber of Commerce• Greater Raleigh Convention and Visitors Bureau• Greater Smithfield-Selma Area Chamber of Commerce• Harnett County Economic Development Commission• Henderson-Vance Chamber of Commerce• Institute for Emerging Issues• International Visitors Council• Johnston Community College• Johnston County Economic Development• Johnston County Visitors Bureau• Kenan-Flagler Business School, UNC-Chapel Hill• Kerr-Tar Regional Council of Governments• Knightdale Chamber of Commerce• Lee County Economic Development Corporation
• MCNC• Moore County Chamber of Commerce• Moore County Convention & Visitors Bureau• Moore County Partners in Progress• Morrisville Chamber of Commerce• North Carolina Biotechnology Center• North Carolina Citizens for Business and Industry• North Carolina Community College Systems• North Carolina Department of Commerce• North Carolina Employment Security Commission• North Carolina Rural Economic Development Center• North Carolina Technology Association• North Carolina State University• Orange County Economic Development Commission• Person County Economic Development Commission• Person County Tourism Development Authority• Pittsboro-Siler City Convention and Visitors Bureau• Raleigh-Durham International Airport Authority• Regional Transportation Alliance• Research Triangle Foundation of North Carolina• Research Triangle Regional Partnership• Roxboro Area Chamber of Commerce• RTI International• Small Business & Technology Development Center• Triangle J Council of Governments• Triangle Tomorrow• Vance County Economic Development Commission• Vance County Tourism Department• Wake Technical Community College• Warren County Chamber of Commerce• Warren County Economic Development Commission• World Trade Center of North Carolina
Staying On Top: Status Report as of June 2005
Existing Business Growth and Innovation
•The idea is to use all existing EDs and Chambers throughout the region to “visit” companies, starting with traded cluster target companies.
•An interactive CD will be developed to act as a tool to provide information and also receive continuous feedback
•Cluster Networks will be developed and enhanced by the process
Implementation of Staying On Top plan
Develop & Manage Cluster Networks for Targeted Industries
Pharmaceuticals
Biological Agents and Infectious Disease
AdvancedMedical Care
AnalyticalInstruments
PervasiveComputing
Nanoscale Technologies
Informatics
AgriculturalBiotechnology
RTI: Cluster Network
RTI: Cluster Network
RTI: Cluster Network
Warehouse &Distribution
Automotive Component
Parts
RTI International’s identification of clusterswithin the region that willcontinue to expand and
innovate
-- Jerry Garcia
of The Grateful Dead
“Somebody has to do something, and it’s just incredibly pathetic that it has to be us.”
Success and Lessons Learned
The Business and Academic Leadership are crying for someone to lead.
A leadership voice is needed – one that knows the big picture -- in order to recruit and market successfully.